MANILA - The Department of Finance (DOF) said the Tax Reform for Acceleration and Inclusion (TRAIN) bill passed by Congress is just the initial phase of the first comprehensive tax reform program (CTRP) package of the Duterte administration.
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MANILA - Government stands to lose up to P150 billion with the tax-free provision for individual income taxes and the increased cap on taxable bonuses under the Tax Reform for Acceleration and Inclusion (TRAIN) bill, Sen. Sonny Angara said Friday.
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